Hedge Fund Gavea Shifts Investment Focus Due to Rising Volatility
Gavea Investimentos Ltda., the hedge fund created by former Brazil central bank chief Arminio Fraga, adjusted its equity team and investment focus in response to rising market volatility.
Instead of choosing stocks based mostly on an analysis of individual companies, a so-called bottom-up approach, the alternative-investment firm is now prioritizing a more macroeconomic and international focus, according to people familiar with the matter.
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